Below are statistics from MLS on several Boston neighborhoods comparing January 15, 2008 to January 15, 2009:

Back Bay

1/15/08 - Condos on the Market: 154, Avg. Asking Price: $1,668,416

1/15/09 - Condos on the Market: 179, Avg. Asking Price: $2,024,291

South End

1/15/08 - Condos on the Market: 173, Avg. Asking Price: $761,179

1/15/09 - Condos on the Market: 143, Avg. Asking Price: $722,358

North End

1/15/08 - Condos on the Market: 51, Avg. Asking Price: $625,127

1/15/09 - Condos on the Market: 31, Avg. Asking Price: $447,774

South Boston

1/15/08 - Condos on the Market: 197, Avg. Asking Price: $455,463

1/15/09 - Condos on the Market: 206, Avg. Asking Price: $415,143

East Boston

1/15/08 - Condos on the Market: 103, Avg. Asking Price: $294,244

1/15/09 - Condos on the Market: 51, Avg. Asking Price: $234,083

My thoughts: Back Bay 2009 data is skewed because of the high priced units currently available at The Mandarin Oriental. Back Bay is the only market to have a substantially higher number of condos on the market in 2009 than in 2008. There are several other new large developments in the area including The Mandarin, The Bryant and, The Clarendon, amongst others.

I don't know what's going on with the drop in average asking price in the North End!

Other than that, average asking prices are down a bit, and the number of properties on the market have decreased. Although the data does not suggest this, the Boston real estate market is pretty healthy right now. There are still buyers out there for the right product at the right price. If you will be selling in the coming months, pricing will be the most important factors for a quick sale.